Point72 Hong Kong Ltd Boosts Stock Holdings in MongoDB, Inc. (NASDAQ:MDB)

Point72 Hong Kong Ltd boosted its position in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 14.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,599 shares of the company's stock after buying an additional 4,141 shares during the period. Point72 Hong Kong Ltd's holdings in MongoDB were worth $7,822,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. OneDigital Investment Advisors LLC raised its holdings in shares of MongoDB by 3.9% in the fourth quarter. OneDigital Investment Advisors LLC now owns 1,044 shares of the company's stock worth $243,000 after buying an additional 39 shares during the period. Avestar Capital LLC raised its holdings in shares of MongoDB by 2.0% in the fourth quarter. Avestar Capital LLC now owns 2,165 shares of the company's stock worth $504,000 after buying an additional 42 shares during the period. Aigen Investment Management LP raised its holdings in shares of MongoDB by 1.4% in the fourth quarter. Aigen Investment Management LP now owns 3,921 shares of the company's stock worth $913,000 after buying an additional 55 shares during the period. Perigon Wealth Management LLC raised its holdings in shares of MongoDB by 2.7% in the fourth quarter. Perigon Wealth Management LLC now owns 2,528 shares of the company's stock worth $627,000 after buying an additional 66 shares during the period. Finally, O Shaughnessy Asset Management LLC raised its holdings in shares of MongoDB by 4.8% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,647 shares of the company's stock worth $383,000 after buying an additional 75 shares during the period. 89.29% of the stock is owned by institutional investors.

MongoDB Stock Up 0.4%

Shares of MongoDB stock traded up $0.79 on Friday, hitting $191.29. 7,849,265 shares of the company were exchanged, compared to its average volume of 1,914,406. The stock has a market capitalization of $15.53 billion, a price-to-earnings ratio of -69.81 and a beta of 1.49. The company has a 50-day moving average price of $174.91 and a 200 day moving average price of $238.95. MongoDB, Inc. has a 1-year low of $140.78 and a 1-year high of $379.06.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.45). The company had revenue of $548.40 million for the quarter, compared to analyst estimates of $519.65 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. During the same quarter in the prior year, the firm earned $0.86 earnings per share. Research analysts forecast that MongoDB, Inc. will post -1.78 EPS for the current year.

Insider Activity at MongoDB

In other MongoDB news, Director Dwight A. Merriman sold 885 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $292.05, for a total transaction of $258,464.25. Following the transaction, the director now directly owns 83,845 shares in the company, valued at $24,486,932.25. This represents a 1.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Cedric Pech sold 1,690 shares of the company's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $173.26, for a total value of $292,809.40. Following the transaction, the insider now owns 57,634 shares in the company, valued at $9,985,666.84. This trade represents a 2.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 34,423 shares of company stock worth $7,148,369. Insiders own 3.60% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on the company. China Renaissance assumed coverage on MongoDB in a report on Tuesday, January 21st. They set a "buy" rating and a $351.00 price objective on the stock. Scotiabank restated a "sector perform" rating and set a $160.00 price objective (down from $240.00) on shares of MongoDB in a report on Friday, April 25th. The Goldman Sachs Group reduced their price objective on MongoDB from $390.00 to $335.00 and set a "buy" rating on the stock in a report on Thursday, March 6th. Macquarie reduced their price objective on MongoDB from $300.00 to $215.00 and set a "neutral" rating on the stock in a report on Friday, March 7th. Finally, Rosenblatt Securities restated a "buy" rating and set a $350.00 price objective on shares of MongoDB in a report on Tuesday, March 4th. Eight analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $293.91.

About MongoDB

MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premises, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.